Asset triples in price from $20 per token to more than $70, with at least $24bn in trading as of Sunday morning

Donald Trump has launched a cryptocurrency “meme coin” ahead of his inauguration for a second term as US president, called $Trump.

He announced the launch on Truth Social and X on Friday night. The asset has since soared in value, more than tripling in price from about $20 per token to more than $70, with at least $24bn in trading volume as of Sunday morning and more than $14bn in market capitalization.